Hashdex Adds Hyperliquid to Crypto ETF as Index Investing Broadens

Crypto index investing is moving beyond Bitcoin (CRYPTO:BTC) and Ethereum (CRYPTO:ETH) as institutional products increasingly absorb newer digital assets that meet stricter liquidity, custody and regulatory standards.

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Hashdex’s Nasdaq CME Crypto Index ETF (NASDAQ:NCIQ) added Hyperliquid (CRYPTO:HYPE) on Tuesday, taking the fund’s portfolio to nine cryptocurrencies.

HYPE’s inclusion follows its addition to the Nasdaq CME Crypto Index, where constituents must meet minimum requirements for liquidity, market capitalization, exchange availability, custody support and compatibility with Nasdaq’s generic listing standards for crypto ETPs.

NCIQ now has exposure to Bitcoin, Ethereum, Solana, XRP, Stellar, Cardano, Chainlink, Bitcoin Cash, in addition to HYPE. The fund launched in February 2025 with only Bitcoin and Ethereum and has expanded through successive quarterly reconstitutions.

The shift is notable because it reflects the growing institutionalization of crypto beyond the largest tokens. Hyperliquid has emerged as a major decentralized trading ecosystem, while HYPE has been one of the stronger-performing large crypto assets this year. HYPE has gained nearly 223% so far in 2026, reaching about $83, recently.